RYAAY - European airline bookings fall back

Bank of America points to weakening trends in the European airline sector amid a tightening of COVID-19 restrictions. "Systemwide net sales for flights booked in Europe fell to -88% yoy for the week ending 10 January, a deterioration vs. -83% the prior week. International net sales were down at - 89% yoy (vs -85% the prior week). Intra-Europe net sales decelerated to -85% yoy (vs. - 75% yoy in the prior week), driven largely by volumes, while pricing improved marginally." Daily website visits for European Union airlines decelerated to -63% Y/Y vs. -60% Y/Y for the week prior. European carriers: British Airways (ICAGY), easyJet (EJTTF), Ryanair (RYAAY) Deutsche Lufthansa ([[DLAKF]], [[DLAKY]]), Air France-KLM (AFRAF), SAS Group, Jet2 (DRTGF), Virgin Atlantic, Wizz Air (WZZAF), Aeroflot (AERZY), Finnair (FNNNF), Norwegian Air (NWARF), Air Berlin (AIBEF) Airlines are aiming to boost international travel by opening travel corridors where negative COVID-19 tests are required

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European airline bookings fall back